(Bloomberg) — Payments processor StoneCo Ltd., which counts Warren Buffett among its top investors, said it signed a definitive agreement to combine business with Brazil software firm Linx SA for about $1.1 billion.The deal will be implemented through a merger of shares in a cash-and-stock transaction, Stone said in a filing after markets closed. The base exchange ratio represents a total of 33.7625 reais ($6.3) for each Linx share, valuing the company at more than 6 billion reais. In a separate filing, Stone said it’s planning a $1 billion share offer to finance the acquisition.Talks of the potential business combination …read more
Source:: Yahoo Finance
